Aban Offshore Limited Schedules Q3 FY26 Financial Results Review for February 13, 2026

1 min read     Updated on 28 Jan 2026, 11:37 AM
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Reviewed by
Riya DScanX News Team
Overview

Aban Offshore Limited has scheduled the review of its Q3 FY26 unaudited financial results for February 13, 2026. The Resolution Professional will consider and approve both standalone and consolidated results for the quarter ended December 31, 2025. The company, operating under CIRP, communicated this schedule to BSE and NSE on January 28, 2026, maintaining regulatory compliance and transparency during the insolvency resolution process.

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*this image is generated using AI for illustrative purposes only.

Aban Offshore Limited has formally notified stock exchanges about the scheduled review of its third quarter financial results for fiscal year 2026. The company, currently operating under Corporate Insolvency Resolution Process (CIRP), will have its unaudited financial results considered and approved on February 13, 2026.

Financial Results Schedule

The Resolution Professional will review comprehensive financial data covering the company's performance for the quarter ended December 31, 2025. The scheduled meeting will address both standalone and consolidated financial results, providing stakeholders with a complete view of the company's financial position during the third quarter of FY26.

Parameter: Details
Review Date: February 13, 2026
Quarter Ended: December 31, 2025
Results Type: Unaudited (Standalone & Consolidated)
Fiscal Year: FY26 Q3

Corporate Status and Governance

Aban Offshore Limited continues to operate under the Corporate Insolvency Resolution Process, with Shailesh Desai serving as the Resolution Professional. The company maintains its regulatory compliance by providing timely intimations to stock exchanges regarding significant corporate developments and financial disclosures.

Exchange Communication

The formal intimation was submitted to both major Indian stock exchanges on January 28, 2026. The communication ensures transparency and keeps market participants informed about the company's financial reporting schedule during the insolvency resolution proceedings.

Exchange: Details
BSE Scrip Code: 523204
NSE Symbol: ABAN
Intimation Date: January 28, 2026
Resolution Professional: Shailesh Desai

The scheduled financial results review represents a continuation of the company's commitment to maintaining transparent financial reporting standards despite operating under CIRP. Stakeholders and market participants can expect the unaudited results to be made available following the Resolution Professional's consideration and approval on the announced date.

Historical Stock Returns for Aban Offshore

1 Day5 Days1 Month6 Months1 Year5 Years
+2.55%-2.33%+2.40%-55.28%-52.77%-20.77%

Aban Offshore Limited Reports ₹281 Crore Unredeemed Preference Shares Since 2014

1 min read     Updated on 20 Jan 2026, 05:27 PM
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Reviewed by
Suketu GScanX News Team
Overview

Aban Offshore Limited disclosed that ₹281.00 crores worth of Non-Convertible Redeemable Preference shares have remained unredeemed since 2014 and are under suspension. Of this amount, ₹20.00 crores represents unlisted shares while ₹261.00 crores are listed. The company is currently undergoing Corporate Insolvency Resolution Process with Shailesh Desai as Resolution Professional, and the disclosure was made under SEBI regulations to ensure regulatory compliance.

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*this image is generated using AI for illustrative purposes only.

Aban offshore Limited has informed BSE about significant outstanding preference shares that have remained unredeemed for over a decade. The company disclosed that Non-Convertible Redeemable Preference shares worth ₹281.00 crores have not been redeemed since 2014 and are currently under suspension.

Regulatory Disclosure Details

The disclosure was made pursuant to Regulation 57 of SEBI (LODR) Regulations, 2015, highlighting the company's compliance with regulatory requirements despite its current financial challenges. The filing was submitted to BSE through the BSE Listing Centre on January 20, 2026.

Parameter: Details
Total Outstanding Amount: ₹281.00 crores
Unlisted Portion: ₹20.00 crores
Listed Portion: ₹261.00 crores
Unredeemed Since: 2014
Current Status: Under suspension

Corporate Insolvency Resolution Process

The company is currently undergoing Corporate Insolvency Resolution Process (CIRP), as indicated in the official communication. Shailesh Desai, serving as the Resolution Professional, signed the disclosure document digitally. His IBBI Registration Number is IBBI/IPA-001/IP-P00183/2017-18/10362, confirming his authorized status to represent the company during the insolvency proceedings.

Market Implications

The unredeemed preference shares represent a significant financial obligation that has been outstanding for over a decade. The suspension status of these securities indicates the challenges faced by the company in meeting its redemption obligations. The distinction between listed and unlisted portions of the preference shares provides clarity on the market exposure of these instruments.

This disclosure ensures transparency for stakeholders and regulatory compliance during the ongoing insolvency resolution process. The company's BSE scrip code 523204 remains associated with these proceedings as the resolution process continues under professional supervision.

Historical Stock Returns for Aban Offshore

1 Day5 Days1 Month6 Months1 Year5 Years
+2.55%-2.33%+2.40%-55.28%-52.77%-20.77%

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1 Year Returns:-52.77%